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Hurricane Ida: Billions in flood damages uninsured, analysts say

By Mike Wheatley | September 6, 2021
Homeowners hit by Hurricane Ida now face a new challenge navigating the world of insurance claims, and there’s going to be bad news in store for some. Many thousands of homes were damaged as a result of flooding. But most standard home insurance polices don’t provide flood insurance, which is usually sold as a separate, […]
Real Estate, Residential, US Real Estate

NAR backs greater protections for homeowners in new flood insurance bill

By Mike Wheatley | July 24, 2017
The National Association of Realtors last week indicated it would support lawmakers in their bid to introduce new flood insurance legislation that would ensure some protection for homeowners against rate increases in the event a flood map changes.
Home Owners Insurance, Residential, US Real Estate

NAR warns of ticking time bomb as National Flood Insurance Program expiry date nears

By Mike Wheatley | March 31, 2017
The National Association of Realtors is warning of a ticking time bomb as the expiration date for the National Flood Insurance Program nears.
Featured News, US Real Estate

Senate Votes in Homeowner Flood Insurance Affordability Act

By Mike Wheatley | March 17, 2014
The U.S. Senate voted 72-22 yesterday to approve the bipartisan Homeowner Flood Insurance Affordability Act with amendments made by the House. The bill curtails flood insurance rate increases that property owners are facing across the country.
Real Estate, US Real Estate

Hurricane Sandy Victims Receiving Insufficient Funds for Repairs

By Allison Halliday | October 25, 2013
To add to their woes, some homeowners whose properties were affected by Hurricane Sandy are now finding their flood insurance isn't sufficient to cover essential repairs. According to the article in AOL Money.com part of the problem is due to errors made by adjusters who were quickly hired after the disaster. Apparently some policyholders are […]
Residential, US Real Estate

Homeowners Facing Huge Increases in Flood Insurance Costs

By Allison Halliday | October 23, 2013
Changes to the National Flood Insurance Program has meant that many homeowners who live on the coast or in river valleys are seeing their insurance premiums soar. Early on in October part of a new law came into effect. The law is called the Biggert-Waters Insurance Reform Act of 2012, and according to the article […]
Brokerage, Featured News, US Real Estate

10 Reasons to Re-think Your Homeowners Insurance

By Phil Butler | December 7, 2011
Bad economic times, millions of people desperate for a place to stay, something to eat, the world can look at times like something out of the film The Grapes of Wrath. But, for the homeowner, property crime is not the biggest reason to think about home insurance, Mother Nature also weighs heavily where financial loss is concerned. You don't have to live in Tornado Alley to have your life blown away. There are many more pitfalls today's property owners have to evade somehow. Can you afford NOT to understand them all?
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